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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. equities close lower on Friday. • Dow logs best week of 2017. U.S. stocks finished lower on Friday with the Dow falling 41 points closing at 20,941, the S&P 500 slipped 5 points to 2,384 and the Nasdaq finished basically flat to Thursday off a point at 6,048. However, […]
Equities and the Economy: • A second quiet day on Wall Street. • Nasdaq posts another record high. It was a tepid day for U.S. equities yesterday but the Nasdaq outperformed closing up 24 points, 0.4%, at a new record high of 6,049. The technology-heavy index has been on a tear! It’s up a huge […]
Equities and the Economy: • After two big days stocks pause. • Trump Administration rolls out tax reform plan. After two outstanding days U.S. equities took a breather yesterday ending little changed to Tuesday. The Dow fell 21 points to 20,975 and the S&P 500 closed down 1 point at 2,387. Intraday the Nasdaq hit […]
Equities and the Economy: • U.S. stocks extend big rally for second consecutive day. • Nasdaq closes at second consecutive record high. The party continued for a second consecutive day yesterday with the Dow gaining 232 points, 1.1%, to 20,996, the S&P 500 closing up 14, 0.6%, at 2,389 and the Nasdaq rising 42 points, […]
Equities and the Economy: • Investors pile back into stocks after the French elections. • Nasdaq posts another record high. Relieved that centrist Emmanuel Macron garnered the most votes in round one of the French elections investors poured back into stocks sending both European and U.S. stocks soaring. France’s CAC 40 skyrocketed up 4.14% ending […]
Record storage levels in October 2016 and a relatively normal winter has left US natural gas storage levels above the 5-year average. Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or […]
Equities and the Economy: • U.S. stocks closed lower on Friday but up for the week. • First round of French elections over and it’s “risk on” today. The major U.S. indexes closed lower on Friday with the Dow falling 31 points to 20,548, the S&P 500 off 7 points to 2,349 and the Nasdaq […]
Equities and the Economy: • Earnings and government speak drive the major indexes higher. • Nasdaq sets record high. Strong earnings from American Express comments by Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross drove stocks higher yesterday with the Dow popping a hefty 174 points, 0.9%, to 20,579, the S&P 500 rose 18 […]
Equities and the Economy: • First Goldman, now IBM. • Dow closes at lowest level since February 10th. Tuesday it was Goldman Sachs’ disappointing earnings that sent the Dow lower. Yesterday it was IBM. The company reported weaker than expected sales in Q1 and investors punished the company pushing its stock price down 3.9%, its […]
Equities and the Economy: • Stocks end materially lower. • Unexpectedly weak earnings from Goldman Sachs and Johnson & Johnson to blame. I’ve been telling you that S&P 500 P/E ratios are lofty and a company’s earnings better come in at expectations or its stock will get pounded, and that’s exactly what happened yesterday, at […]
